Bulls Head Coalville
Warren Hills Road, Coalville, LE67 4UYAgreement Type:
Foundation Tenancy
View details for Bulls Head Coalville
Belper Arms
Belper Arms
Main Street, Newton Burgoland, LE67 2SE Pub Code: 2303333101
Pub Code: 2303333101
Investment TenancyEst Min Ingoing Costs: £50,637
Annual Rent: £36,547
Elevate Your Investment: Witness the Transformation
What would you do with this pub to make it a success?
The area
Nestled in the picturesque village of Newton Burgoland, the pub stands as a living testament to history, dating back to 1290 and listed as the oldest pub in Leicestershire. As stewards of this heritage, there's a commitment to a significant investment to retain and enhance its authentic charm. Original features like fireplaces, exposed brick & beams, and historic flooring will be meticulously preserved, creating an atmosphere that resonates with the village's rich past.
The offer
The Belper Arms is available on our investment tenancy agreement. Click here for more information on this agreement.
With just over 500 adults in the village and a vast catchment of 90,000 adults within a 20-minute drive, the pub is poised to become a community hub and a destination in itself. This investment aims to transform the pub into a traditional village haven, complete with open fires, original features, and a stellar food offering. Join in shaping the future of this historic establishment – a true gem in the heart of Leicestershire.
When refurbished, the Belper Arms will offer:
- a range of premium beers, cask ales and a selection of wines and spirits. We've also got refreshing non-alcoholic options for those seeking something different.
- A menu of pub classics and weekly specials that add a delicious twist to traditional favourites.
- Organised lively events such as weekly quizzes and monthly acoustic sessions.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
The Belper Arms will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- 97internal covers
- Space for 100+ external covers
- Catering kitchen
- Smart Dispense
- 2 patio areas & large lawned garden with children’s play area
- Car park with 25 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 2 bedrooms, small kitchenette with lounge/diner and bathroom.
Estimated Total Ingoing Costs
£50,637
Estimated Minimum Ingoing Costs
£50,637
Annual Rent
£36,547
Estimated Annual Turnover
£569,049
Deposit
£9,137
Estimated Fixtures & Fittings Value
£28,000
Estimated Stock Valuation
£10,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
Main Street, Newton Burgoland, LE67 2SE
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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